BYD

Bailiffs reportedly seized digital documents from BYD offices in Schiedam and Hoofddorp ahead of a court case in which Jaguar Land Rover accuses the Chinese manufacturer of patent infringement and of a “clone” of the Defender in the BYD Ti7. Hearings at the court in The Hague begin this week. BYD introduced the Ti7 in China and plans a UK launch in January at a price of £47,995, significantly below the Defender's price. » Mere på manager-magazin.de

The Yangwang U9 Xtreme from BYD reached a top speed of 503.17 km/h during a run in Abu Dhabi, establishing new Guinness World Records for the fastest production car and the fastest electric production car (single-direction run). The 2,220 kW hypercar uses 1,200-volt technology, a Blade-LFP battery with a very high discharge rate, and special motor and chassis modifications to ensure stability and performance at extreme speeds. Production is limited to 30 units, with a list price of around 2.76 million US dollars (European prices including taxes expected to be €4–5 million). » Mere på heise.de

Court-ordered bailiffs acting for Jaguar Land Rover seized digital records from BYD offices in Schiedam and Hoofddorp ahead of a Hague hearing on whether BYD’s Ti7 SUV copies intellectual property from the Land Rover Defender. The Ti7, a seven-seat plug-in hybrid likened to the Defender, is due to launch in the UK priced significantly below the Defender. JLR alleges reverse-engineering of technology that could be used in the Ti7; both companies declined to comment on ongoing legal proceedings. » Mere på theguardian.com

German racing driver Marc Basseng reached an officially measured top speed of 503.17 km/h in Abu Dhabi with the electric supercar Yangwang U9 Xtreme, confirmed by the FIA. BYD thus set two Guinness World Records: fastest electric car and fastest production vehicle. The U9 Xtreme is powered by four independent electric motors with more than 3,000 PS; previously a test car in China suffered a serious crash without fatal consequences. » Mere på manager-magazin.de

In October BYD recorded a sixth consecutive month of rising deliveries, driven by a strong overseas business: global passenger car sales rose 11% year‑on‑year and BYD doubled its exports. Domestic sales fell, so exports are offsetting weak home demand. Investors reacted positively, even though BYD recently missed analyst estimates for revenue and profit. Medium‑term success depends on whether foreign margins can permanently compensate for the ongoing price pressure in China. » Mere på deraktionaer.de